Article ID Journal Published Year Pages File Type
5059502 Economics Letters 2013 6 Pages PDF
Abstract
This paper studies monopoly extraction of a nonrenewable resource with the presence of a competitively supplied capacity constrained renewable substitute. The monopolist staves off the renewable supply when the latter becomes competitive and then lets the resource price jump up.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition
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